Develop Policies and Procedures that Reduce Your Compliance Risk

The most significant area of risk in the mortgage banking industry is compliance liability. Lenders must understand and comply with a myriad of federal and state laws and regulations governing loan negotiation, origination, and servicing. With the Mortgage Procedure Guide to Federal and State Compliance you can quickly identify operational weaknesses affecting your bottom line. All guidelines and data are easily adapted into your company’s database and reporting formats and customized to suit your business needs!

The risks that flow from compliance liability include creditor liability, in the form of costly lawsuits; assign­ee liability, in which the secondary market may also be vulnerable to lawsuits under consumer protection laws; and administrative enforcement, where agencies may seek injunctive relief, civil money penalties, supervisory agreements, and other enforcement actions.

This manual is designed to help lenders hedge compliance risk. It helps you identify the compliance re­quirements in complex consumer protection laws at the federal and state level. The Mortgage Procedure Guide to Federal and State Compliance is organized by compliance area and is designed to help you reduce compliance risk by quickly identifying and creating the policies you need to comply with federal and state requirements.

The Mortgage Procedure Guide to Federal and State Compliance is organized in four parts.

• Part 1 gets you started on developing policies and procedures for your company.
• Part 2 addresses federal compliance issues.
• Part 3 addresses federal compliance procedures.
• Part 4 addresses state compliance procedures.

BONUS CD TOOL-KIT. Your paid subscription comes with a fully-searchable companion CD that gives you a wealth of practical tools, such as sample maps that help you identify your policies based on the states where you do business ... predatory lending worksheets, forms, sample policies, and other working aids. All guidelines and data are easily adapted into your company’s database and reporting formats and can be customized to suit your business needs!

But don’t just take our word for it—try the Guide for 30 Days Satisfaction Guaranteed. If you aren’t completely satisfied, just return Mortgage Procedure Guide to Federal and State Compliance within 30 days of receipt for a full refund.

Highlights of Our Latest Update How to Use This Manual Table of Contents Look Inside This Book!
*Requires Adobe Acrobat Reader

About Melissa L. Richards

Melissa L. Richards, CMB, is a Shareholder in the office of Buchalter Nemer, PC. Ms. Richards also serves as outside General Counsel for the California Mortgage Bankers Association. She has more than 15 years of legal experience and expertise in all areas of residential mortgage finance, including regulatory compliance and licensing. She is a member of the California State Bar and the American Bar Association. Ms. Richards is a frequent speaker at national, state, and local mortgage banking industry events. Ms. Richards received her J.D. from the University of San Francisco School of Law. See all works by Ms. Richards